Insurance

    Brokers need vicarious auto liability insurance. If you are named in a lawsuit, your insurer will be in a position to defend you. If you are found liable, vicarious auto liability will cover you.
    Truck drivers must obtain Liability and Cargo insurance to provide them with protection when a third-party becomes injured from an accident.
    A shipper is not required to have an insurance policy. It is legal for a company to ship goods or commodities without a policy. A freighter is required to have carrier liability coverage—which is not to be confused with freight insurance.
    Liability insurance is a mandatory motor carrier insurance coverage that pays for damages you cause to other people and their property. Liability insurance coverages for motor carriers includes Bodily Injury insurance and Property Damage coverage.
    Cargo insurance gives you the certainty that, if something should go wrong in transit, you will receive compensation of the value based on the commercial invoice. If there is no commercial invoice, the market value will be used to determine the amount. Transport costs will also be reimbursed.
    Vicarious liability insurance protects you and your business from lawsuits resulting from mistakes caused by your employees, the independent contractors you’ve hired or agents that act on behalf of your small business.